Long Term Care insurance was a massive miscalculation in the insurance industry and shareholders paid dearly for it. It was super smart to buy it in the 80s and

Long Term Care insurance was a massive miscalculation in the insurance industry and shareholders paid dearly for it. It was super smart to buy it in the 80s and 90s but most insurers have gotten out of the business. The rest have raised rates so high as to make it not worth it. Genworth’s stock more than halved when they announced they had to take additional LTC write offs a few years ago.